Operating Room Equipment Market Size By Product Type, By End-User, By Geographic Scope And Forecast


Posted November 23, 2020 by jennysmith22119

Operating Room Equipment Market was valued at USD 26.62 Billion in 2019 and is projected to reach USD 34.56 Billion by 2027, growing at a CAGR of 3.33 % from 2020 to 2027.

 
Operating Room Equipment Market Size And Forecast
The Global Operating Room Equipment Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Operating Room Equipment Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Operating Room Equipment Market was valued at USD 26.62 Billion in 2019 and is projected to reach USD 34.56 Billion by 2027, growing at a CAGR of 3.33 % from 2020 to 2027.

What are Operating Room Equipment?
The operating room is a medical facility within a hospital where all the surgical treatments are performed on patients to treat different pathological and physiological situations in a sterile environment. It also known as an operating theatre or operating suite. The OR equipment comprises operating room lights, surgical & operating tables, anesthesia devices, surgical devices, patient monitors and many others. The technically advanced rooms safeguard patient well-being and enhanced operational efficiency by encouraging surgeons and healthcare professionals with greater flexibility, operational efficiency, and ease of handling.

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Operating rooms are transformed into modern hybrid operating rooms with advanced hi-tech equipments such as high resolution and high definition surgical imaging displays and movable imaging systems. The minimally invasive surgery, advanced medical procedures, staff efficiency, patient safety, and many more are the benefits of OR equipment. The equipments are used mainly in all surgical operations but extensively exercised in image-guided procedures, robotic surgery, telesurgery, thoracic and cardiovascular surgery.

Global Operating Room Equipment Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The rising demand for hybrid operating rooms, product innovations driven by advances in technology, and increasing number of ambulatory surgical centers is expected to fuel the growth of the global operating room equipment market. The rising number of hospitals and growing hospital investments in operating room equipment & supplies globally is likely to drive the demand for the forecast period.

Furthermore, the rising geriatric population coupled with growing number of surgeries, and increasing patient preference for minimally invasive surgeries are anticipated to propel the market growth. On the contrary, the patient safety concerns in the OR, high costs associated with OR equipment, and intense competition are the potential restraints hindering the overall growth of operating room equipment market. The growing healthcare market in emerging economies offers favorable growth opportunities whereas the lack of trained professionals is the challenge faced by the global operating room equipment market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Operating Room Equipment Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Operating Room Equipment Market Competitive Landscape
The “Global Operating Room Equipment Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Philips Healthcare, Medtronic, Getinge AB, Stryker Corporation, Siemens Healthineers, Karl Storz GmbH & Co. Kg, GE Healthcare, Hill Rom (Trumpf Medical), STERIS plc, MIZUHO OSI, and Others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Operating Room Equipment Market, By Product Type
• Anesthesia Machines
• Electrosurgical Devices
• Surgical Imaging Devices
• Operating Tables
• Operating Room Light
• Others

 Operating Room Equipment Market, By End-User
• Hospitals
• Ambulatory Surgical Centers
• Outpatient Facilities
• Others

Operating Room Equipment Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America

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Last Updated November 23, 2020